It would be fair for Iran to have a chance to increase oil output to reach its pre-sanction market share, said Russian President Vladimir Putin at a news conference at the G20 Summit in Hangzhou, China.

Putin added that it would also be better if crude was trading at a little higher price.

“The price for oil is unfair at the moment, we wish it were a little higher, but all-in-all, we are ok with it,” said the Russian president.